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BRG Brigadier Gold Limited

0.01
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Brigadier Gold Limited TSXV:BRG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0 01:00:00

Brigadier Gold Limited Announces 3.75 Million Unit Non-Brokered Private Placement

06/06/2011 3:30pm

Marketwired Canada


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


BRIGADIER GOLD LIMITED (the "Company") (TSX VENTURE:BRG) (FRANKFURT:B7LN) is
pleased to announce its intention to complete a non-brokered private placement
offering (the "Offering") of up to 3.75 million units ("Units") at $0.20 per
unit for total gross proceeds of up to $750,000. Each unit will be comprised of
one common share (a "Common Share") and one half of one (1/2) non-transferable
common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the
holder thereof to acquire one additional Common Share at a price of $0.35 per
share for a period of one year from the date of the closing of the Offering. 


A finder's fee of up to 8% of the gross proceeds of the offering may be paid, on
all or any portion of the funds raised pursuant to this Offering. In addition,
finders will receive finder's warrants equal to up to 8% of the number of Units
issued in connection with the Offering. Each finder's warrant will entitle the
holder to purchase one Common Share at $0.20 per share for a period of one year
after the closing.


Proceeds from the Offering will be used in part for additional project
evaluation at Incamayo and for general working capital purposes.


All securities issued in connection with the Offering will be subject to a
four-month hold period in accordance with applicable Canadian Securities Laws.
The Offering is subject to the approval of the TSX Venture Exchange and required
regulatory approvals. The finder's fee warrants are subject to the same terms.


We seek Safe Harbor.

For further information, please visit our website at www.brigadiergold.com or
see contact information.


Cautionary Note Regarding Forward-Looking Statements 

Certain statements contained herein constitute forward-looking statements,
including statements concerning the anticipated closing date of the Offering and
the anticipated use of proceeds. We believe the expectations reflected in those
forward-looking statements are reasonable but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
included herein should not be unduly relied upon. Closing could be delayed if
the Company cannot obtain necessary regulatory approvals within anticipated
timelines and will not be completed unless certain conditions customary for
transactions of this kind are satisfied. The forward-looking statements included
in this press release are made as of the date of this press release and the
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable securities
legislation. 


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there by any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.


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